OKR template to surpass annual operation plan and meet free cash flow target
Your OKR template
The first initiative uses stricter credit control procedures, faster escalation of overdue accounts, and streamlined invoice procedures to manage and reduce receivables. The second initiative focuses on increasing revenue through the introduction of new services or products, aggressive marketing and sales strategies, and upselling to current customers.
In addition to improving revenue, the OKR also aims to reduce operational expenses by 10% to ensure positive cash flow. Strategic steps, such as the renegotiation of vendor contracts, identification and mitigation of budget waste, and implementation of cost-saving tech improvements, have been outlined to achieve this.
Overall, these changes aim to establish sound fiscal control and improve the company's financial health. Through a stringent collection process, aggressive sales strategies, and careful expense control, the company plans to surpass its annual operational plan while maintaining its free cash flow target.
ObjectiveSurpass annual operation plan and meet free cash flow target
KRImprove collections process to reduce accounts receivables by 15%
Implement stricter credit control procedures- Escalate overdue accounts faster
- Streamline invoice issuance and follow-up systems
- KRIncrease sales revenue by 20% to boost free cash flow
- Innovate and introduce new revenue-generating services or products
- Develop and implement aggressive marketing and sales strategies
- Prioritize upselling and cross-selling to current customers
- KRCut operational expenses by 10% to ensure positive cash flow
- Renegotiate vendor contracts for better pricing
- Identify areas of budget waste to mitigate unnecessary spending
- Implement cost-saving technology improvements
How to edit and track OKRs with Tability
You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.
Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.
With Tability you can:
- Use AI to draft a complete set of OKRs in seconds
- Connect your OKRs and team goals to your project
- Automate reporting with integrations and built-in dashboard
Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.
The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.
Step 1. Sign up for a free Tability account
Go tohttps://tability.app/signup and create your account (it's free!)
Step 2. Create a plan
Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.
Step 3. Use the magic importer
Click on Use magic import to open up the Magic Import modal.
Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.
Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!
Now, just click on Import from text and let the magic happen.
Once your example is in the plan editor, you will be able to:
- Edit the objectives, key results, and tasks
- Click on the target 0 → 100% to set better target
- Use the tips and the AI to refine your goals
Step 4. Publish your plan
Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.
From there you will have access to all the features that will help you and your team save hours with OKR reporting.
- 10+ built-in dashboards to visualise progress on your goals
- Weekly reminders, data connectors, and smart notifications
- 9 views to map OKRs to strategic projects
- Strategy map to align teams at scale